403(b) Simple

New employees must work 6 consecutive months and completed 500 hours of service to enter the plan.

1st day of the 1st month following the completion of service.

You may contribute in Pre-Tax deferrals and/or After-Tax Roth (which grows tax free).

You may roll over from a prior retirement plan to consolidate your retirement accounts.

We recommend contributing at least enough to get the full match.
We recommend 10% on average and/or contributing as much as possible up to the IRS limit (if you’re debt free).

New employees must work 6 consecutive months and completed 500 hours of service to enter the plan.

Your company provides an Employer Match, with immediate vesting.

Those hired after July 1, 2016 are matched 100% up to 7.5% of their employee contribution.

Those hired before July 1, 2016, are grandfathered in at the match that they are currently receiving.

We recommend broad diversification. One option is for you to diversify the account, but the first option is to use one of the professionally allocated portfolios diversified according to your age.

If you do not make an investment election, the default investment is TargetAge portfolios that are custom built for you from the underlying investments that are in your plan.

You can receive one-on-one investment advice at no additional cost by contacting PHD. Retirement Consulting toll free at 844-PHD-401k (844-743-4015). Advisors are standing by to assist with any money-related questions (budgeting, eliminating debt, investing, saving, etc.). Call a Money Coach for help. All coaching sessions are completely confidential and there’s no cost to you because no financial products are sold.

Schedule time with one of our advisors

Northwest Pension Services directly to make changes to your account